The Black Lives Matter Global Network Foundation (BLMGNF) reported receiving approximately $90 million in donations in 2020, which was the organization's most publicly scrutinized year due to the global reaction following the murder of George Floyd.
Here’s a breakdown of what’s publicly known:
2020 Financial Summary (as reported by BLMGNF in 2021)
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Total donations received: ~$90 million
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Operating expenses: ~$8.4 million
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Grants to BLM chapters and other Black-led groups: ~$21.7 million
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End-of-year assets (including cash reserves): ~$60 million
Subsequent Developments
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In 2022, tax filings (IRS Form 990) showed:
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The foundation had $42 million in assets at the end of the fiscal year (down from $90M due to spending, grants, and market changes).
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Paid $6 million for a property in Southern California (causing significant controversy).
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Paid consulting fees to family members and associates of the founders, also drawing public and media scrutiny.
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Leadership & Accountability Concerns
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Patrisse Cullors, one of the co-founders, stepped down in 2021 following criticism over financial transparency and spending decisions.
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The organization committed to improving oversight, but questions about transparency and governance remain.
